Financial Management - nosneb - 78366

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  • From: Business, Finance
  • Due on: Sun 21 Feb, 2016 (01:00pm)
  • Asked on: Tue 16 Feb, 2016
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  • Question 1:
    • Proficient-level: Define the terms finance and financial management, and identify the major sub-areas of finance.
    • Distinguished-level: Describe the nature of risk.
  • Question 2:
    • Proficient-level: "What are the three basic forms of business ownership? What are the advantages and disadvantages to each?" (Cornett, Adair, & Nofsinger, 2016, p. 21).
    • Distinguished-level: Discuss the advantages and disadvantages of each of the three basic forms of business ownership to access capital.
  • Question 3:
    • Proficient-level: Define the terms agency relationship and agency problem, and list the three approaches to minimize the conflict of interest resulting from the agency problem.
    • Distinguished-level: Describe the role of corporate governance.
  • Question 4:
    • Proficient-level: "Why is ethical behavior so important in the field of finance?" (Cornett, Adair, & Nofsinger, 2016, p. 21).
    • Distinguished-level: Provide examples of financial scandals.
  • Question 5:
    • Proficient-level: "Does the goal of shareholder wealth maximization conflict with behaving ethically? Explain" (Cornett, Adair, & Nofsinger, 2016, p. 21).
    • Distinguished-level: Explain the meaning of Adam Smith's term, invisible hand.

Question#1: There are 4 major sub-areas of finance to be listed in responding to last part of this Question #1. The first of the major sub-areas discussed in the M: Finance text is "Investments."

Question#5: To effectively respond to this question, re-review the text's FIRM GOALS section covered on pages 13 and 14 of the M: Finance text. Support your opinion based on textual information.

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